Publication date: December 13, 2024
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- Year of incorporation: 1983 (founded after a merger between AGO and Ennia)
- Year added aa n the AEX: 1998
- Highest share price ever: €61.24 in 1999
- Average trading volume: Approximately 3.200,000 shares per day
- Price performance over the past 12 months: +11.27%
Introduction about the company
Aegon N.V. is an international financial services company founded in 1983 and headquartered in The Hague, Netherlands. The company specializes in life insurance, pensions, and asset management and operates in more than 20 countries. Listed on Euronext Amsterdam under the symbol AGN, Aegon has built a strong reputation as a reliable partner for financial security and future planning.
Core figures & performance
In 2023, Aegon reported total sales of €10.5 billion and a net loss of €1.9 billion. Also in 2022, the company ended the year with a negative net income of -€1.14 billion. This means that Aegon recorded a loss for the second consecutive year, compared with a profit of €2.4 billion in 2021. Nevertheless, by the end of 2023, Aegon managed to maintain assets under management of approximately €295 billion, spread across different customer segments. Despite the challenges, an estimated solvency ratio of 208% in the first half of 2023 shows that the company remains financially robust.
Aegon's market capitalization in December 2024 was approximately €9.9 billion, a significant difference from 24 years ago when the company had a market capitalization of more than €65 billion. In line with its focus on shareholder value, Aegon paid a dividend of €0.27 per share in 2023.
History & development
Aegon was formed from a merger between AGO and Ennia in 1983. Since then, the company has grown into a global player in the insurance and pension market. A key milestone was the acquisition of U.S.-based Transamerica Corporation in 1999, which significantly strengthened Aegon's presence in the United States. In recent years, Aegon has focused on streamlining its operations by exiting less profitable markets and concentrating on core markets such as the Netherlands, the United Kingdom, and the U.S.
Sector & competition
Aegon operates in the insurance and asset management industry, where it competes with companies such as NN Group, Allianz, and AXA. The industry is characterized by increasing demand for personalized financial solutions and digital innovations. Aegon stands out for its focus on pension solutions and its strategy of integrating technology into customer-focused services.
In June 2024, Aegon Capital introduced a digital tool to support the conversion of pension contracts to the Future Pensions Act. This tool helps employers translate from the current rising tier to a flat tier and provides insight into employer costs at different ambition levels and any compensation.
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Influence of Aegon on the AEX
With a weighting of 0.84% (2024), Aegon has a limited influence on the AEX. This has decreased significantly from previous years. Aegon's share price movements are mainly influenced by macroeconomic factors such as interest rates, in addition to sector trends in life insurance and pensions.
Investment analysis & outlook
Aegon is seen as a stable investment with growth potential in its core markets. Its emphasis on operational efficiency and balance sheet strengthening has contributed to a more positive outlook for the future. A strong presence in the U.S. and European markets provides a solid foundation for growth, while improved solvency limits risks.
Below is Aegon's share price performance compared to the AEX over the past five years. This shows that Aegon consistently moves with the AEX and remains an attractive investment in the stock market despite its negative performance.
News & updates
Recently, Aegon announced it was accelerating its digital transformation through investments in technology and data-driven solutions. In addition, the company has strengthened its sustainability strategy by setting ambitious targets for ESG investments. Aegon aims to manage a portfolio in line with the Paris climate goals by 2030. These initiatives support the company's long-term goals and provide shareholders with confidence in future performance. For more information on Aegon's performance and strategic plans, please visit its official website: Aegon.
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